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Dec 24, 2012 4:30pm PST
, detailing just where those cuts will happen. and standard & poors' gabe pettek says those details could still be months away. >> even if the policymakers in washington, d.c., resolve the immediate issue before january 1 or shortly thereafter, we think there are going to be several details related to the administration of tax policy and the way the federal government spends money that will have an important effect on state budgets. >> reporter: the pew center on the states reports around 18% of federal grants to states would be subject to sequestration's spending cuts. that works out to about $7.5 billion the states could ultimately lose. >> the real worry right now for states is that as many states start there legislative sessions next month is just the uncertainty from capitol hill. >> reporter: the uncertainty will make it difficult to put together state budgets, which need to be in place before the new fiscal year begins next summer. two big unknowns: the future of medicaid and municipal bonds. medicaid and the children's health insurance program, or chip, which under current law are
Search Results 0 to 3 of about 4 (some duplicates have been removed)